As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of bull runs and bear markets. The recent surge in XRP price has piqued my interest, and after careful analysis, I must admit that the potential for further growth is indeed intriguing.
In just the past day, the value of XRP has climbed by more than 13%, reaching a whopping market capitalization of $40 billion. This surge has sparked speculation among experts that the coin might continue to soar even higher if the ongoing XRP price increase really is the start of a bull run.
XRP Price Could Rally To $1.28
According to a recent post on X, cryptocurrency expert Crypto Insight anticipates that the value of XRP might surge to approximately $1.28. He asserts that if XRP manages to exceed the $0.66 barrier significantly, it could potentially rise beyond the $1 mark.
On the daily chart, the cryptocurrency reached a value of $0.7, indicating that a price surge above $1 might be imminent. Crypto Insight speculates that XRP could follow in the footsteps of Dogecoin and Cardano‘s recent price increases.
In the past week, the prices of Dogecoin and Cardano have soared by more than 100% and 60%, respectively. If this trend continues, it could lead to a significant jump for XRP’s price as well. Notably, XRP has recently slipped from its sixth position in the cryptocurrency rankings, giving way to Dogecoin.
In a recent update on X, cryptocurrency expert Mikybull Crypto predicted an upcoming “XRP giant candle” and advised market participants to prepare themselves. Earlier, this analyst had hinted at a significant price increase for XRP, similar to the one Dogecoin is experiencing now. Furthermore, he suggested that XRP could potentially reach $2 by the end of the year.
According to Dark Defender, a cryptocurrency expert, he predicts that XRP might reach approximately $1.03 in the near future due to its recent surge. Notably, this forecast comes after he previously suggested that XRP’s price could surpass Ethereum‘s. Similar to Crypto Insight, Dark Defender also indicated that a move to $1 could be possible once the crypto successfully breaches the $0.66 mark.
Price Could Reach Between $3 And $10 If This Happens
According to cryptocurrency expert Zach Humphries, there may soon be an opportunity for XRP to outperform, and he outlined key events that could cause its price to increase from around $3 to $10 during this market phase.
According to the analyst’s prediction, if the cryptocurrency market continues its bull run without a definitive resolution between XRP and the US Securities and Exchange Commission (SEC), XRP could potentially increase its value to anywhere from $3 to $5. The analyst reasoned that this might occur because XRP has been re-listed on major crypto exchanges, making it more accessible for individual investors to invest in the cryptocurrency.
According to Humphries’ predictions, if the ongoing lawsuit resolves favorably and the SEC gives the green light to the pending XRP ETF applications, XRP could experience a steep rise, potentially reaching values between $8 and $10. Additionally, he mentioned other positive factors like the RLUSD stablecoin, which paints a bullish picture for this cryptocurrency.
Despite some doubts, Humphries remains optimistic that his forecast of $3 for XRP will come true. He believes this could occur because the cryptocurrency surged to $2 during the 2021 bull market despite the uncertainties brought about by the Ripple SEC lawsuit.
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2024-11-12 20:34